They are sorting out Gonny problems. They have a plan for mining and processing higher grade first. Metallurgical recoveries are improving. People don't seem to understand that high tonnage mines are low grade, it's the nature of the beast. They are basically building another Telfer, or of that ilk, with more metals in the mix, which makes flotation more complex, but with the added advantage of having nickel and cobalt credits, which should give them a very low cash cost. Investors haven't seen anything of this size for a long time, so they may not be able to get their heads around the long development time, but I wouldn't be surprised in the slightest if they come out and say the development timetable has shortened for the higher grade project, just a flotation concentrator with shallow open pit mine. Good things to come imo.
CHN chart, page-7551
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Last
$1.17 |
Change
0.035(3.08%) |
Mkt cap ! $455.0M |
Open | High | Low | Value | Volume |
$1.14 | $1.19 | $1.12 | $4.358M | 3.759M |
Buyers (Bids)
No. | Vol. | Price($) |
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4 | 32661 | $1.17 |
Sellers (Offers)
Price($) | Vol. | No. |
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$1.18 | 22144 | 3 |
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No. | Vol. | Price($) |
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4 | 32661 | 1.170 |
1 | 58535 | 1.165 |
2 | 59217 | 1.160 |
3 | 43936 | 1.155 |
6 | 56677 | 1.150 |
Price($) | Vol. | No. |
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1.180 | 22144 | 3 |
1.185 | 10000 | 1 |
1.190 | 66402 | 8 |
1.195 | 122793 | 5 |
1.200 | 71394 | 6 |
Last trade - 16.10pm 06/05/2024 (20 minute delay) ? |
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Last
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Change
0.035 ( 3.81 %) |
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Open | High | Low | Volume | ||
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